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20121207
Search Results 0 to 16 of about 17 (some duplicates have been removed)
. our road map begins with a $20 billion deal. freeport mcmoran getting into the energy business making two acquisitions. plains exploration and mcmoran exploration. >>> concerns over the u.s. economy as adp misses estimates. the blame goes to superstorm sandy. goldman says the party is officially over for gold. >> starbucks at an investors conference will add 1,500 stores in the u.s. over the next five years. wait until you hear what they said about china. >> a big day in media. pandora ceo joins us live later this morning as the stock fell nearly 20% on weak guidance and netflix signs a big exclusive with disney. how much are they having to pay up for that? >>> let's deal with this big deal. as i've been telling you we'll see a lot of big deals -- i was wrong. here we are. freeport mcmoran buying not one but two companies. the combined price if you add it all together gets close to $20 billion. that does include debt. let's go through some of the details. it's somewhat complex. let's start with bigger of the two deals. freeport's purchase of plains. approximately $6.9 billion in total
, wedomestic energy future that puts us in control. our abundant natural gas is already saving us money, producing cleaner electricity, putting us to work here in america and supporting wind and solar. though all energy development comes with some risk, we're committed to safely and responsibly producing natural gas. it's not a dream. america's natural gas... putting us in control of our energy future, now. hi victor! mom? i know you got to go in a minute but this is a real quick meal, that's perfect for two! campbell's chunky beef with country vegetables, poured over rice! [ male announcer ] campbell's chunky soup. it fills you up right. olaf's pizza palace gets the most rewards of any small business credit card! pizza!!!!! [ garth ] olaf's small business earns 2% cash back on every purchase, every day! helium delivery. put it on my spark card! [ pop! ] [ garth ] why settle for less? great businesses deserve the most rewards! awesome!!! [ male announcer ] the spark business card from capital one. choose unlimited rewards with 2% cash back or double miles on every purchase, every day! w
highest level in nearly 15 years. this is according to a new report from the energy information administration. daily production, daily output, averaged almost 6.5 million barrels per day in september, the highest level of oil output in the u.s. since 1998. eia says the increase is mostly due to the extraction process known as fracking, new technology to get oil in every nook and cranny. some coined a phrase saudi america for america's projected energy boom over the next decade. a report from last month from the international energy watchdog says the u.s. could unseat saudi arabia as the world's top oil producer by the year 2020. >>> quick market check this morning, u.s. stock futures are up, fiscal cliff uncertainty could continue to weigh on stocks until it's resolved. we're getting a lot of economic news this week with the jobs report on friday. so i expect to see hurricane sandy was at play in there. >> figuring into that report. looking forward to that. >>> first it was republicans throwing the president's fiscal cliff plan right back at him. now it's the president's turn.
broken investors' trust by diversifying into energy with these $9 billion deals. back to you, sue. >>> we are just off the highs of the day, up 130 points. we'll continue to follow the markets for you. >>> plus, emergency landings and inspections by regulators. growing pains for boeing's new dreamliner. >>> plus, netflix's deal with disney. is it really a game changer? phil lebeau and julia boorstin all over those big stories. phil, you first. >> sue, right now as we speak a technical team from boeing is in new orleans looking at that dreamliner after the emergency landing. we'll have the latest in just a bit. >>> but first out to julia in los angeles. >> netflix says the company is taking a big step forward. we'll tell you how and how much it is worth after the break. he loves risk. but whether he's climbing everest, scuba diving the great barrier reef with sharks, or jumping into the market, he goes with people he trusts, which is why he trades with a company that doesn't nickel and dime him with hidden fees. so he can worry about other things, like what the market is doing and being re
coined a new phrase, saudi america for america's projected energy boom over the next decade. a report from last month says the u.s. is expected to unseat saudi arabia as the world's top oil producer by 2020. huge implications for foreign policy and how we do business. it's really been an interesting development in the oil patch. >> it will be really nice to talk about something other than the fiscal cliff. i will say that. >> jobs. that's right. >> 25 minutes past the hour. the republican party needs some new younger blood say some pundits. are these the new leaders of the gop, paul ryan, marco rubio, could they already be on the campaign trail? bny mellon wealth management has the vision and experience to look beyond the obvious. we'll uncover opportunities, find hidden risk, and make success a reality. bny mellon wealth management to provide a better benefits package... oahhh! [ male announcer ] it made a big splash with the employees. [ duck yelling ] [ male announcer ] find out more at... [ duck ] aflac! [ male announcer ] ...forbusiness.com. ♪ ha ha! progresso. in what world do
are on the rise and another pulse of energy pointing its way right at northern california. it will be the fourth pulse of heavy wind, rain and snow coming into this area over a five-day period. look at some of the damage out of oakland. a number of homes damaged because of flooding and rains there. roads damaged as well this is widespread, across the bay area, southern parts of oregon, just the infrastructure can't handle this moisture and underwashing some of these roadways. rescues, high water rescues yesterday and over the weekend. you can just imagine when some of these small streams come up and over the roadways, if you're driving through them people get stuck. the crews are brought in to try to get the job done and folks to safety. across napa valley, incredible flooding there. the napa valley seeing some of its worst rainfall in years. look at these numbers. petrolia, california, over 17 inches. bridgeville, 15 inches. that's an incredible amount of rain. to see that much rainfall is truly remarkable. we are seeing more in the way of rainfall across seattle and portland it has stopped for
.com. [ female announcer ] cook, meet compliments. energy is being produced to power our lives. while energy development comes with some risk, north america's natural gas producers are committed to safely and responsibly providing generations of cleaner-burning energy for our country, drilling thousands of feet below fresh water sources within self-contained well systems. and, using state-of-the-art monitoring technologies, rigorous practices help ensure our operations are safe and clean for our communities and the environment. we're america's natural gas. >>> a spy agency the size of the cia inside the pentagon. "the washington post" is reporting the defense department plans to send hundreds more spies overseas in an effort to make the agency more attuned to emerging threats and more closely aligned with the cia. let's get some perspective on what's going on. joining us, our cnn national security contributor fran townsend. fran, what sort of immediate effects are we going to see because of this new project with the d.i.a., the defense intelligence agency? >> reporter: wolf, i think most peo
know that if you would police this information and reporting requirements by the energy information agency, that we could have a better analysis of what is causing undue spikes in the market. we have a lot of analysis that shows that it is not supply and demand. so, when it's something as critical as the price of gasoline, you know, there's more regulation on commodities like hamburger than there is right now on gasoline. and i can tell you gasoline is a lot more important to an economy than the kinds of transparencies that we have in the commodities market. >> now there was at one point i think one or more refinery fires and that was one explanation given at a certain stage and also the seasonal adjustments when they are switching over from home heating to gasoline. but you don't think that any of those factors are what really caused these spikes some. >> well, what happened is one refinery had a fire. that was in the state of washington. and when prices almost went to $5, people were saying, how does one refinery cause that kind of spike? and all the other refineries responded wit
of their competitive energy into this third platform may become obsolete. >> oh, yeah, there's no question. because if you think about what's happening and the cloud is probably a good example. amazon is coming in right now with amazon web services and they are going in to the markets of companies like hp and ibm and microsoft, sap oracle, 60% to 80% margins and they are coming in with a 20% margin saying we're going to come in and use cloud technology, bring prices down for customers, reach much larger volumes and really almost break the business model of these traditional players. >> who are the cutting edge companies? you mentioned oracle certainly but who are some of the cutting edge companies that you see out there right now who really have a leg up in expenditures on a high-percentage basis to the third platform? >> well, there's no question. i talked about ibm and hp and those guys as if they're just the old school. these companies are also watching major efforts to be third platform leaders. so certainly you have to include them. microsoft is investing an enormous amount to build their clou
great meal with the family at a high energy atmosphere. >> let me ask you, how many of these -- do you own some of these stores? how's your business model work? >> 99 peshz franchise. we have four company restaurants in the atlanta market that we use for training and testing. >> none in jersey yet? are there some here yet? >> there are restaurants in jersey but not company operations. they are all based in atlanta. >> i have never seen one. where would i see one in jersey? >> you will see one, everything from south jersey to north jersey. we have about 25 restaurants. >> how much is a franchise? >> a plan choice fee is $30,000 for a single store deal. >> has to be a lot involved with setting one up, though. >> are there -- mexican food, worst mexican food is great for me. i have asked -- i tried to get everyone to put mexican restaurants in my neighborhood. it is hard to find. i would eat it every night, i think. i'm not sure why. >> biggest challenge that we have with getting more restaurants open. today we have over 340 signed franchise agreements in our backlog. our biggest challeng
to become a leader in global energy production, largely on the strength of the domestic natural gas production. many other countries with large sources of shale are well behind the u.s. in developing their supply because of regulations and a lack of infrastructure. the result could be that the united states and canada will remain leaders in natural gas development for the better part of the next decade. >>> "the washington post," terrorists plotted to unleash a wave of attacks in aumann, jordan. during the ensuing chaos raid the u.s. embassy. this from jourdardanian authori who foiled the plot arresting 11 people. the group planned to carry out attacks with help from al qaeda in iraq and weapons obtained from the civil war in syria. the plan shows al qaeda in iraq is on the rise and becoming a regional influence. >>> and from our parade of papers, in "the boston globe," starting next fall, ten school districts in five states across the country including boston will take part in an initiative to expand the school day, adding as much as 300 hours to the calendar. it's part of a three-
the end of the session. >> thank you very much. let's check out latest news in energy and medals with sharon epperson. >> it's the euro that we see in euro dollar helping commodities and risk on trade across the board in the sector. the fact that we are looking at that euro dollar and above 130 level is significant. also keep in mind that we did get improving factory activity. that pmi data out of china best in seven months. that's also helping the energy sector and technical buying is also contributing because we have nimax crude future, wti contract above that 89.80 level that traders are watching. 112 was the session high. in terms of gold prices, we are looking at new buying for the beginning of the month in gold and that is helping the gold futures contract but also the gold etf market at a record level right now. we've seen retail investors interested in gold not only in buying etfs but also in gold coins and in terms of etf market we look at highest levels we've seen for the year here as we begin the new month. back to you, carl. >> all right. thank you so much for that. i
to value that end of the company. >> tough call. thank you. let's check out latest news in energy and metals. sharon epperson at the nimax. >> i'm in the gold pit. gold below $1,700 an ounce. steep selling we see today in gold is reminiscent of what happened just a week ago. heavy volume. a lot of selling. last week the story was we saw a lot of put option activity. a lot of puts at the strike price around 1,700, and where are prices today? right in that range. it seems unusual that we're looking at exactly what was actually forecast by some of the put option activity we saw a week ago. we're watching the prices fall. some traders say it's a liquidation of many global macro funds who now before the end of the year want to take their profits here in the gold market and not only in gold, yes, gold is at a one-month low but we're looking at a sell-off in the natural market and natural gas looking at seasonal demand figure, storage levels with weaker prices across the board in commodities. >> sharon epperson, thanks for that. coming up next, a live interview with house majority whip k
getting started. lots going on. a new green energy project funded by you the taxpayer. did you know you are one of the prime investors in a new electric car battery? bill: there are new concerns about a north korean rocket launch any day. a top u.s. commander labeling it very dangerous. what is the u.s. doing in response? martha: back at home lawmakers get a look at this video now from the deadly libya terror attack scene. why one congressman said before this happened it looked like people were milling around like a miami street party, then what happened. >> this is supposed to be sovereign u.s. territory, and if people can just come and walk in on us like that without any kind of resistance, really makes your blood boil because you are thinking to yourself. where is the security? progresso this reduced sodium soup says it mahelp lower cholesterol, how does it work? you just he to eat it as part of your heart healthy diet. step 1. eat the soup. all those veggies and beans, that's what may help lower your cholesterol and -- well that's easy [ male announcer ] progresso. you gotta taste t
energy with this. 80-mile-an-hour wind gusts near lake tahoe. 72-mile-per-hour wind costs in carson city. winds have been damaging. rainfall excessive. they are looking for a ton more. pin crest california, over six inches. here is the radar filling in across san francisco. a little bit of rain there. notice it turns to snow at the highest elevation. this is the second of three waves. one came through yesterday. the third on sunday. another one behind that on tuesday. tremendous amount of rain with this. could see over ten inches in some spots. one to three inches of snow. it's not a huge help. east of mississippi is looking good. chilly in up state new york. snow across northern new england. by the way, last day of hurricane season. thank goodness. >> yeah! that's a cause for celebration. >> absolutely. >> thank you. appreciate that. 51 minutes past the hour. a packed hour including the wall before the fiscal cliff. a top republican laughing at the white house plan saying it's big on taxes, sketchy on cuts. more on the deadlock that could cost all of us as those holiday bills come in. w
. also kevin book who is managing director at clear view energy partners. and joe, let's start off talking about the dollar. i can't make heads or tails of why the dollar is under so much pressure. i know things are bad here, we're worried about the fiscal cliff. but look at what's happening in europe and it doesn't really create a whole lot of feeling about why it should be at these levels. >> the dollar has been reactive. the dollar and euro have been reactive for four years now. to almost the same stimulus, the same motivation for the traders. and that's whether people need safe haven, whether they need to move to treasuries and other things. and it's the same issue here. when things look bad in the summer. when spanish rates are up about 7.6%, then everyone is fleeing to the dollar. you get a lot of long dollar positions in the currency markets. and all that happens is when that subsides, then those positions are unwound. you're not really looking at a new trend here. you're not seeing something that has changed traders' minds about whether the dollar is getting better, whether
Search Results 0 to 16 of about 17 (some duplicates have been removed)